How to deal with the accounts of the property company?

The accounting treatment of property companies is basically similar to that of general enterprises:

1. When collecting the property fee,

Borrow: cash,

Loan: main business income-property fee,

Taxes payable-VAT payable (output tax),

2. When you receive the utility bill, you can simply calculate the tax, and the tax rate is 3%.

Borrow: cash,

Loan: main business income-public utilities,

Tax payable-simple tax calculation

3. When the paid water fee occurs,

Borrow: main business cost-water fee,

Taxes payable-simple tax calculation,

Loan: bank deposit.

4. In case of maintenance fees, elevator advertising fees and parking fees, you can do other business income, and the relevant funds will do other business expenses. The average taxpayer's maintenance fee is 6%, and the parking fee and advertising fee are 9%. Small-scale taxpayers pay 3% for maintenance, 5% for parking and advertising.

Borrow: bank or cash,

Loan: other business income-maintenance fee/parking fee/advertising fee, etc.

Taxes payable-VAT payable (output tax).